TechCrunch
Elon Musk says he’ll unveil a Tesla robotaxi on August 8
Just hours after Elon Musk claimed Reuters was “lying” about plans to ditch its $25,000 low cost EV and instead focus all its efforts on a robotaxi, the Tesla CEO announced on X that he would reveal said robotaxi in an event on August 8. The announcement comes as Tesla EV sales have lagged and profits have fallen, leaving the company and its CEO on a search for another product to boost sales — or at least the stock price. Earlier Friday, a Reuters report citing three anonymous sources and internal documents said that Tesla was abandoning its plan to build a lower-cost EV and would instead focus resources on a planned robotaxi that is being built on the same small EV platform that was also supposed to power the lower-cost vehicle.